Insurer Generali CEO Mario Greco said the company still wants to sell BSI but only if the price is right.
Finance/Venture
KKR launches first listed closed-end fund
Today, KKR & Co LP announced raising USD305 million excluding underwriters' option, from its first listed closed-end fund, KKR Income Opportunities listed on the New York Stock Exchange.
CincyTech raises US10.9 mln for third fund
Cincinnati-based investment firm CincyTech gained US$10.9 million in additional capital from Ohio Third Frontier and Southwest Ohio partners.
Victory employees take over management of company with help from Crestview
Victory employees together with Crestview Partners acquired the asset management firm for US $246 million.
H-D Advanced Manufacturing acquires iMech
H-D Advanced Manufacturing acquired Canada-based iMech for an undisclosed amount. For an undisclosed sum, H-D Advanced Manufacturing Co bought Innovative Mechanical Solutions Ltd and Leading Edge Heat Treatment.
Latest News
American International Group Inc is looking to pursue an IPO for its subsidiary unit after the sale to a Chinese group stalled.
Goldman Sachs Group Inc. recommended India to reduce stock holdings after its recorded investors exit in July, resulting to a cut on India's shares rating.
BIMB announced that they set to acquire full control of Bank Islam for US$884 million. Malaysia's BIMB Holdings Bhd said that they are set to pay US$884 million to gain the full control of Bank Islam in a deal that will help it increase its stake in the rapidly growing banking sector.
Rathbone Brothers Plc announced the seen increase of funds under their management. Rathbone Brothers Plc reported the 11% increase in funds managed by the company.
Capitalworks, a private equity firm based in South Africa, announced it was able to raise ZAR 2.7 billion in six months.
Societe Generale SA said that they are happy to announce that the company is ecstatic as the company's profit margin doubles.
Antonio Horta-Osorio said that they are ready for the sale of Britain's GBP20 billion stake in Lloyds Banking Group.
Managing director of Cholamandalam Investment confirmed that his company was looking to raise up to INR300 crore but that no exact date for the launch had been identified.
Rock Hill Capital announced that it had raised US$87.7 million for its second fund. Rock Hill Capital Group, LLC announced the conclusion of its latest fund, Rock Hill Capital II, LP.
